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March 24, 2011

BOKU Partners with O2 and mpass in Germany for Direct Mobile Billing

Boku logo 140pxTelefónica O2 Germany and BOKU have announced a direct carrier billing relationship that allows O2 customers to use BOKU’s payment platform to purchase goods ranging from .09 Euros to 30.00 Euros.
“This agreement opens up the opportunity for BOKU merchants to offer payment for physical goods as well as virtual and digital goods,” said James Patmore, Managing Director, BOKU in EMEA. “Our partnership with O2 confirms our vision of evolving online mobile payments into a range of new vertical markets.”
O2 is part of Telefónica, the second largest carrier group in the world. O2’s mpass system allows direct carrier billing for the purchase of virtual, digital and physical goods.

Payment Preferences of Online Gamers in Europe and North America

Superdata research 140pxSuperData Research, a digital goods measurement company, has recently released Payment Mix Report 2011. The report nicely breaks down online gamers' actual tender type use across 22 countries. In aggregate, the analysis shows that alternative forms of online payment were used for 69.4% of the volume in online games in Europe and North America in 2010.

Pay for Parking With Your Phone

Calltopark logo 140pxOmniPark has announced the release of the CallToPark 'Pay by Phone' Parking for iPhone, which is available now and can be downloaded from the App Store.
Imagine not having to stand in the rain or snow to pay for parking at the meter. This free application actually makes it fun to pay for parking. While it is not "Angry Birds," it will make your parking experience much easier. Simply click through a few easy steps and you're on your way. The app is so cool; there is even a button or reminder that allows you to extend your parking session remotely. You do not have to run down to the meter to get that extra 15 minutes paid for.

March 23, 2011

Fifth Third Processing Solutions eCommerce Plus

Fifth Third Processing Logo 140pxFifth Third Processing has announced the introduction of eCommerce Plus, "a technology platform which allows online merchants to securely transact with authenticated payments and alternative payment brands. Along with traditional credit card acceptance, merchants can now offer customers multiple payment options such as PayPal, Checkout by Amazon, Google Checkout, and more, through one easily deployable interface."

Fifth Third Processing partnered with CardinalCommerce on the solution.

TSYS Introduces' TSYS Whitespace Manager' With Pitney Bowes

Tsys logo 140pxTSYS has announced it has collaborated with Pitney Bowes to introduce the TSYS Whitespace Manager, a partner-managed TransPromo solution.
TransPromo is a targeted marketing tool that allows highly relevant promotional content to be embedded within transactional customer communications, such as monthly card statements. TSYS Whitespace Manager, the new partner-managed approach to TransPromo, will allow issuers to take advantage of new revenue streams, cost reductions and minimized complexity.

LexisNexis Launches Comprehensive Retail Fraud Management Solution

LexisNexis logo 140pxLexisNexis has announced the launch of its "new comprehensive fraud prevention solutions suite for protecting retailers from the risks associated with Card-Not-Present orders. For the first time, LexisNexis fully integrates its front-end identity fraud risk scoring with a workflow platform and fraud analyst review system, creating the ability to assess order risk at the transactional level, automate review processes and provide faster assessment for e-commerce retailers."

March 22, 2011

CyberSource Brings Visa's Fraud Detection Radar to Online Merchants

CyberSource logo 140pxCyberSource, a Visa company, has announced availability of "the world's largest real-time fraud detection radar, empowering online merchants to pinpoint fraud faster, more accurately, and with less manual intervention. This advance enables merchants to conduct more accurate analyses of their inbound orders, including comparison of those orders to the over 60 billion transactions Visa and CyberSource process annually, including orders that were confirmed to be fraudulent."

Discover Reports Financial Results for 1Q2011

Discover logo 140pxDiscover Financial Services has reported financial results for the first quarter 2011. The company said Discover card sales volume was $24 billion in the quarter, an increase of 7% from the prior year. Credit quality continued to improve as the credit card net charge-off rate declined sequentially 99 basis points to 5.96%, and credit card loans over 30 days delinquent declined 47 basis points to 3.59%. The credit card net charge-off rate decreased to 5.96% for the first quarter of 2011, down 304 basis points from the prior year and 99 basis points from the prior quarter.

Secure Vault Payments Expands to Nonprofit Organizations

Svp logo 140pxeWise has announced the availablity of Secure Vault Payments to the nonprofit market at the 48th Annual Association for Fundraising Professionals International Conference.
FamilySearch International has signed a pilot agreement with U.S. Bank to evaluate Secure Vault Payments (SVP) as a secure and convenient online payment option for FamilySearch.org patrons to make online donations.
Secure Vault Payments is an online payment network developed by NACHA and eWise.

Accertify Announces Launch of New Chargeback Management Service

Accertify logo 140pxAccertify has announced the Accertify Chargeback Service, a "comprehensive chargeback management platform that helps merchants save time, cut operational costs and retain revenue."
Accertify Chargeback Service is a single-source platform designed to manage dispute processes for all types of credit and debit cards and alternative payments, regardless of brand. It supports use of global languages and currencies and was developed for use by merchants in travel and entertainment, retail, social networking, and by merchants providing digital downloads, subscriptions and services.

First Data Introduces Mobile Voucher Technology for Merchants

First data logo 140pxFirst Data has announced a mobile vouchers (mVoucher) capability for merchants looking to "extend their brand and commerce services to their ever-more-mobile customers."
Sometimes referred to as coupons, mVouchers store a prepaid value funded by the merchant or consumer product goods company. Mobile vouchers can be delivered as coupons, loyalty rewards, promotional rewards, contest rewards or general marketing initiatives. The virtual offer can then be used for redemption online or in-store through a mobile device as an SMS (short message service) or 2-D barcode, and ultimately through contactless exchange such as Near Field Communication (NFC).
First Data mVoucher enables merchants to deliver offers to consumers through e-mail or their mobile device.

March 21, 2011

IronKey to Help Banks Protect Customers From RSA SecurID Data Breach

Ironkey logo 140pxIronKey has announced that their Trusted Access for Banking product is "immediately available to allow banks to protect their commercial banking customers from the risk of compromised RSA SecurID authentication tokens."
"Criminals used an Advanced Persistent Threat (APT) attack to breach the RSA SecurID infrastructure, and can now combine that information with data-stealing malware in order to compromise high value online banking sites," said Dave Jevans, IronKey's founder and chairman. "IronKey is already working with banks impacted by the RSA SecurID data breach in order to protect their customers."

Allen Weinberg to Speak on Durbin Amendment

GP Logo Horizontal 140pxGlenbrook's Allen Weinberg will speak March 30th at the Alternative Payment Systems Innovation conference in San Francisco in a session entitled "Analysis of Proposed Federal Regulations to Implement the Durbin Amendment". Allen will delve into the issues surrounding the Amendment, as well as the implications of the proposed rules for various stakeholders. If you are attending the conference and want to say hello, .

HP Opens New Market Opportunities to Banks with Prepaid Card Services

Hp logo round 70pxHP has announced new services that provide banking clients with "a flexible, secure, self-service and cost-effective payment delivery solution for prepaid cards. HP Prepaid Card Services are an extension of the HP Cards and Payments Services portfolio, which supports an extensive range of debit, credit and now prepaid options, including the capability to use multiple currencies on a single card."

Official Payments Expands Tax Payment Options

Official payments logo 140pxOfficial Payments has announced that it has recently expanded its roster of payment partners to offer a total of eleven payment options for taxpayers -- American Express, Discover, MasterCard and Visa cards, debit cards participating in the NYCE, PULSE, STAR and ACCEL payment networks, and Bill Me Later. The company also enables American Express cardmembers to pay their taxes using Membership Rewards points.

ThreatMetrix Cloud-Based Fraud Prevention Platform

ThreatMetrix logo 140pxThreatMetrix has announced the availability of its cloud-based Fraud Prevention Platform.
"The ThreatMetrix Cloud-Based Fraud Prevention Platform provides companies with the ability to authenticate payments, new accounts and returning customers online regardless of the device involved -- be it a smartphone, personal or tablet computer -- without requiring a forklift install of hardware or software," said Reed Taussig, president and CEO, ThreatMetrix.

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